Mortgages for Self Managed Super Funds require specialist knowledge and experience.
When planning on purchasing a Property within a Self Managed Super Fund, it is absolutely essential that you verify your elligibility to borrow and arrange the correct structure well before you purchase the property.
Banks and non bank lenders have many restrictions when assessing SMSF mortgages, including limitations on;
1) Loan to value limits
2) Minimum and maximum loan sizes
3) Restrictions on what income can be used in assessing loan servicability
4) Restrictions on loan terms
5) Restrictions on Minimum balance of super fund
6) Property types
A consultation with one of our specialist SMSF brokers is essential to ensure you know exactly what you are elligible for before you spend your valuable time sourcing a property.